Read about the KYC/KYB limits applicable to users under Mangopay’s Payment Services (EEA) and Electronic Money Services (EEA and UK)
UserCategory
– Whether the user is a PAYER
or an OWNER
, as explained in the articles on these categories and the restrictions applied.KYCLevel
– Whether the user has completed the necessary identity verification checks to be KYC/KYB verified (indicated by the value REGULAR
) or not (indicated by the value LIGHT
). More information about managing these processes for users is available in the KYC/KYB verification section.OWNER
before they can request verification and undergo the KYC/KYB verification process. This means that all PAYER
users have the KYCLevel
of LIGHT
.
This page focuses on the KYC/KYB limits in place once the user is an OWNER
based on whether or not they are KYC/KYB verified. The category restrictions article focuses on finer product restrictions relating to PAYER
and OWNER
categories.
KYCLevel
is LIGHT
(which is always the if their UserCategory
is PAYER
):
KYC/KYB limits | Payouts | User balance | Applicable to user categories |
---|---|---|---|
Description (see below for more details) | Maximum cumulated payout amount (all wallets) | Maximum user balance (all wallets) before payouts and transfers out are blocked | |
PS (EEA) | €0 (meaning payouts not allowed unless KC/KYB verified) | Not applied | PAYER and OWNER |
EMS (EEA and UK) | €150 per calendar month (€100 in Germany) | €150 (€100 in Germany) | OWNER only |
Services used | Payout limit description |
---|---|
PS (EEA only) | A user cannot request a payout for any amount unless they are KYC/KYB verified and their KYCLevel is REGULAR . |
EMS (EEA or UK) | If KYCLevel is LIGHT , a user can request payouts up to the cumulated value of €150* per calendar month. Once this threshold is reached, payouts are blocked until the 1st corresponding date of the next calendar month.So if the user makes 3 payouts of €50 each on the 5th, 12th and 24th of the month, the next payout amount available to them would be €50 from the 5th of the next month, €100 from the 12th, or €150 from the 24th.As shown in the example above, the calendar month is a rolling month from the date of the first month to the corresponding date of the next month. If the date does not exist in the next month (e.g. the 30 February) then the last date of the month is used.Also as shown in the example above, the monthly period applies to the cumulated payout amount, meaning that all amounts paid out require the month to elapse before the user is free to pay them out again. |
Services used | User balance limit description |
---|---|
PS (EEA only) | Not applicable: there are no limits relating to the amount of funds that can be accumulated in user wallets. |
EMS (EEA or UK) | If KYCLevel is LIGHT , the user balance limit prevents the user from making payouts or transfers out of any their wallets if the cumulated balance of all wallets reaches €150*.Once the user reaches this threshold, the user must undergo KYC/KYB verification to obtain the KYCLevel of REGULAR and be able to request a payout or transfer out from one of their wallets.The user can continue to accumulate more than €150* in their wallets, but they are unable to exit the funds without KYC/KYB verification. |